BOSTON ( TheStreet) -- With every day of market decline and economic pain, we need to face a terribly unpalatable question, and it's not whether Standard & Poor's is credible or if the downgrades will send the economy into a tailspin (or, perhaps, if we are already in a tailspin).Sure, the downgrade of U.S. long-term debt by Standard & Poor's appears to be a cynical ploy by this tarnished credit-rating agency, perhaps trying to burnish its reputation at a time when parent McGraw-Hill is in play. But there's no question that the content of its downgrade report is correct, even if its initial arithmetic was off. The fact is that our political processes are a mess. We don't deserve a top credit rating.
What al-Qaeda Has to Do With Debt Downgrade
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